A total of 74 deals (comprising mergers & acquisitions, private equity, and venture financing deals) were announced in the global travel and tourism sector during June, which is an increase of 39.6% over 53 deals announced in May, according to GlobalData, a leading data and analytics company.
Aurojyoti Bose, Lead Analyst at GlobalData, comments: “Deal activity in the travel & tourism sector showed signs of recovery in June, following a decline during the past few months. The growth in deal activity for a sector that has been hit badly due to lockdown and travel restrictions amid the COVID-19 pandemic, could be a positive sign for the coming months.”
All the deal types (under coverage) also witnessed growth in deal volume in June compared to the previous month. While merger & acquisitions deal volume increased by 26.5%, the number of private equity and venture financing deals also increased by 9.1% and 137.5%, respectively.
Deal activity also showcased improvement in key markets including the US, the UK, China, Germany and Spain, while India witnessed decline in deal activity.
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